Eligible Lessee definition

Eligible Lessee means (1) the current lessee or lessees of an Eligible Vehicle

Eligible Lessee means: (1) the current lessee or lessees of an Eligible Vehicle with an active lease as of the date the Eligible Vehicle receives the applicable Emission Modification; or (2) solely for purposes of any applicable Special Extended Warranty, the subsequent lessee or lessees of an Eligible Vehicle that has received the applicable Emission Modification.

Eligible Lessee means (1) a Person who leases an Eligible Vehicle when the

Examples of Eligible Lessee in a sentence

• Notwithstanding any provisions of this Lease to the contrary, and without any prior consent from the Lessor, (i) the leasehold created hereby may be assigned to such Leasehold Mortgagee pursuant to a Leasehold Mortgage, (ii) a Leasehold Mortgagee may effect Foreclosure, and (iii) after Foreclosure the Leasehold Mortgagee may assign this Lease only to an Eligible Lessee.

• In no event may the Eligible Lessee receive any cash or other benefit from the Loan.

• Subject to the obligations of Leasehold Mortgagees in Subdivision Section 18(i), a Leasehold Mortgagee who acquires an assignment of this Lease by Foreclosure shall have no liability under this Lease for all acts and occurrences that arise or transpire before the date that the redemption period of Lessee and any junior creditors runs or the date of the filing or recording of a deed in lieu of Foreclosure and after the date of transfer or assignment from such Leasehold Mortgagee to an Eligible Lessee.

• Eligible Owners and Eligible Lessees If you are an Eligible Owner or Eligible Lessee who installs the Field Measure in the Eligible Vehicle and timely submits a Valid Claim, you will receive an Owner/Lessee Payment of $2,925 ($2,632.50 after the CPF levy), unless an Eligible Former Lessee and/or Eligible Former Owner timely submits a Valid Claim for that same vehicle, in which case the Owner/Lessee Payment you will receive is $2,090 ($1,881 after the CPF levy).

• Settlement Class Members who wish to participate in the Claims Program must make their claim before the applicable claims submission deadline (depending on whether the Settlement Class Member is an Eligible Former Owner, Eligible Former Lessee, Eligible Owner, Eligible Lessee, Eligible Post-Announcement Owner or Eligible Post-Announcement Lessee).

More Definitions of Eligible Lessee

Eligible Lessee means a lessee of a Mortgaged Helicopter under an Eligible Lease, which lessee satisfied the requirements of the Revolving Credit Facility.

Eligible Lessee means a lessee satisfying one of the following criteria specified below:

Eligible Lessee means a lessee of a Mortgaged Helicopter under an Eligible Lease, which lessee satisfies each of the following requirements at the time that such Eligible Lease becomes effective: (a) such lessee is not subject to an Insolvency Proceeding upon the commencement of the Eligible Lease with such lessee; (b) such lessee is in compliance with the material terms of all leases with which such lessee has entered into with the Borrower or any of the Helicopter Owning Subsidiaries; (c) except for United States entities or agencies (whether federal or state), such lessee is not a governmental entity or agency or otherwise able to claim sovereign immunity as a defense or shall have waived any such sovereign immunity to the satisfaction of the Administrative Agent; (d) such lessee, if not formed or incorporated under federal or state laws of the United States or if not a United States federal or state agency or entity, shall have executed an IDERA; and (f) such lessee is organized under the laws of, and is domiciled in, an Acceptable Jurisdiction.

Eligible Lessee means a Class Member who (1) leases and Registers a Subject Vehicle on or before the Settlement Announcement Date; and (2) is leasing the Registered Subject Vehicle at the time the Approved Emission Modification is installed in that vehicle. A Class Member is not an Eligible Lessee if they surrender their Subject Vehicle under the terms of the lease or assign their lease to another Person before the AEM is installed.

Eligible Lessee means a Settlement Class Member who (1) leases an Eligible Vehicle on or before the Settlement Filing Date; and (2) is leasing the Eligible Vehicle at the time the Field Measure is installed in that vehicle. A Settlement Class Member is not an Eligible Lessee if they surrender their Eligible Vehicle under the terms of the lease or assign their lease to another Person before the Field Measure is installed.

Eligible Lessee. Any Person (other than any Sanctioned Person) that meets all of the applicable requirements set forth in clauses (a), (b) and (c) below:

Eligible Lessee means at any date of determination, a Lessee (i) that has provided a billing address for the related Lease in the United States of America, (ii) that is organized under the laws of the United States of America or any State thereof, or that is organized under the laws of Canada or any province thereof, or (iii) with respect to which the Rating Agency Condition has been satisfied. For purposes of this definition, any Lessee the obligations of which under the related Lease are fully and unconditionally guaranteed by an entity that would be an Eligible Lessee under the preceding sentence, shall be deemed to be an Eligible Lessee.